Ask Amitoj- The Loan Guru

Date: 2008-08-22 19:45:27

Query : i want to buy a house so should i wait for real estate price will get done by 2 month or not
what i have to do
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Date: 2008-08-25 12:01:53

Message:

The real estate price in my perspective should remain flat or show a downward rise. The home loan interest rate is a lead indicator to the rise or fall in the property prices.In my view in the next 6 months the property price should remain constant or decrease.

Please revert with any clarifications on the above answer.

Date: 2008-08-01 23:24:26

Query:-I am an employee of Software Company and earning Rs.40, 000/ per month. I want to apply for a home loan of 18, 00,000. For 15 yrs. Please guide me correctly about various bank options. What would be the interest rates? And EMI details.

Query :- I am an NRI working at Doha, Qatar. I have a home loan of Rs.950000/- and my current emi is rs.10500 /- my bank is not able to provide me a top up of another 1000000/ rs which is urgently required for the renovation,repair,extension etc; my present salary is rs.50000/- and the market value of my said home is now valued @ 65 lacs. Kindly advice me with suitable options considering me as an nri.

Answer:- You should consider transferring your loan to an alternate bank. They would be able to take over your existing loan and also offer you the top-up that you need.

Date: 2008-05-28 10:20:40

Query : I have a
Home Loan - 12,00,000 @ 11% age 7 months
Personal Loan - 5,00,000 @ 20% age 6 months
Credit Card - 1,50,000 @ regular rates

I want to consolidate these dues as I am able to pay about 40,000 a month for these installments. However, I see that the PL @ 4 years is taking a lot of my cash and I am not left with much disposable to pay off the complete amount due on the cards. I wish to finish the PL and the cards, and probably shift the entire thing on the HL or the likes, because the money from PL was actually spent on furnishing the house.